MASPV and Shanghai Shaanyao Group Form Strategic Partnership for 1 Billion Euro Green Hydrogen Development in Spain

Spanish renewable energy developer MASPV has entered into a strategic partnership with Chinese clean energy group Shanghai Shaanyao to develop green hydrogen projects worth over 1 billion euros in Spain. The collaboration also includes renewable energy company Eontsing as part of the tri-party alliance.

The partnership represents a significant milestone in MASPV’s international expansion strategy and positions the company as a key player in channeling Asian investment toward strategic clean energy projects in Spain. Roger Dejun president of Shanghai Shaanyao Group traveled to Spain to advance the structuring of green hydrogen projects within their development portfolio.

During his visit Dejun participated in the III National Green Hydrogen Congress held in Huelva and conducted technical and institutional meetings related to initiatives planned for implementation in 2026. The delegation also maintained an institutional agenda with the Andalusian Regional Government provincial authorities and the Port of Huelva to advance the technical logistical and industrial definition of the projects.

Angel Luis Serrano Global CEO of MASPV Group emphasized that green hydrogen represents a top-tier industrial and economic opportunity for Spain and Europe. The partnership combines Asian technological and industrial capabilities with MASPV’s national expertise in the clean energy sector creating a solid industrial platform that integrates development technology and financial capacity.

The project portfolio is primarily focused on Andalusia particularly in the Huelva region where Chinese company representatives have recently been present. Spain offers attractive conditions for green hydrogen development including a solid regulatory framework industrial capacity and clear institutional commitment according to Dejun.

MASPV founded in 2014 and headquartered in Madrid specializes in renewable energy solutions and operates from its holding in Hong Kong with offices in Beijing. The company has developed large-scale photovoltaic projects and claims to have more than 500MW of installed capacity worldwide.

The Spanish government has positioned the country as a key destination for green energy investment announcing plans in 2024 for green hydrogen to meet 74 percent of the country’s industrial hydrogen demand by 2030. Spain has also increased its installed electrolyzer capacity target to 12GW reflecting its commitment to becoming a major player in the European green hydrogen market.

This collaboration marks Spain’s more open approach to Chinese participation in green hydrogen compared to other European Union countries where concerns about protecting domestic industry have been raised. The partnership is expected to leverage Spain’s strategic location and strong wind and solar resources to develop competitive green hydrogen production facilities.